In other FinTech news, Itiviti and Ullink are headed to the altar to become a combined company while CQG’s integrated platform will include trading algorithms from Lime Brokerage.
Sylvan 7.04 Offers Data Visualization & Customizable Analytics
SS&C Technologies, a financial services software and systems vendor, has just released Sylvan 7.04, an updated, cloud-based performance measurement and attribution platform that the vendor says will “easily communicate the value of active strategies to clients and internal stakeholders.”
The updated Sylvan system is intended to provide end-users with more power “across the organization to visualize and analyze performance data,” according to SS&C officials.
The Sylvan performance analysis dashboards can be accessed “from any desktop or mobile device,” officials say. The system’s features include drag and drop design, support for user-defined calculations, conditional formatting, and a performance and analysis toolkit.
The analysis and visualization are intended to help firms “increase automation from data validation through to report production. This reduces operational risk and empowers performance analysis teams to focus on exceptions and analyzing results,” vendor officials say.
“The new platform helps users to easily communicate the value of active strategies to clients and internal stakeholders,” says Christy Bremner, senior vice president, Institutional and Investment Management, SS&C, in a prepared statement.
The Sylvan 7 platform is integrated with other SS&C solutions including Global Wealth Platform, Portia, and Vision FI, say officials, who add that more than 165 global customers are using the system for performance measurement and attribution reporting.
Itiviti and Ullink Want to Become New, Combined Company
Swedish trading software vendor Itiviti, backed by Nordic Capital Fund VII, intends to combine with Ullink to create “a full service technology and infrastructure provider” for the financial services industry, officials say. Nordic Capital is a private equity investor based in the Nordic region.
The proposed combination of equals will bring together Itiviti’s sell-side software for banks and trading firms with the cash equity and derivatives trading solutions of Ullink, which has revenues of more than $200 million, 1,000 employees and a local market presence in major markets of Europe, Asia and the Americas, officials say.
“The combined product portfolio would support the complete order cycle across all asset classes, and therefore the new company would be a powerful partner to existing and new customers within the finance industry,” officials say.
Itiviti provides solutions that support connectivity, market making and trading, “with considerable expertise in the derivatives space,” that will complement Ullink’s high-touch and low-touch order management systems (OMSes) and the NYFIX trading network, says Didier Bouillard, CEO of Ullink, in a statement.
“Itiviti was formed of Orc Group, CameronTec and Tbricks, and we are now reaching a new milestone by looking at creating one of the largest global players in the combination of two strong companies, Itiviti and ULLINK,” says Fredrik Näslund, partner at the advisor to the Nordic Capital Funds, in a statement.
The creation of the new company will be subject to consultation with the French works council “and customary antitrust and regulatory approvals,” officials say.
Lime Brokerage Algorithms to Be Offered on CQG Platform
Lime Brokerage, a provider of high-speed trading technology and market access, is partnering with vendor CQG so that it will offer Lime’s trading algorithms on its platform of integrated trade routing, global market data, and advanced technical analysis tools
“Lime’s algorithmic execution and technology residing on the CQG platform places a suite of tools at the hands of futures traders to facilitate large orders at Lime speed and quality,” according to Lime Brokerage officials.
“CQG is excited to offer Lime’s suite of algorithmic strategies on our Integrated Client platform,” says Mike Glista, senior vice president at CQG, in a statement.
The partnership is an opportunity “to provide quantitative strategies for the masses,” said Rich Jablonski, CEO of Lime Brokerage and executive vice president of Wedbush Securities, an investment bank that bought Lime in 2011.
Wedbush offers institutional sales, correspondent clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, prime brokerage, and wealth management.
CQG has partnerships with many futures brokerage and clearing firms and provides direct market access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways, officials say.